Choose a platform
The first step is to select the platform you want to use to earn money. You probably have profiles set on multiple social media platforms, but you need to focus your efforts on one, most influencers choose Instagram. In 2018, 80% of social influencers stated that Instagram is the main platform they use to make money. Why? Instagram has the best marketing tools influencers can use to reach audiences.
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Do you need lots of followers to make money from social media? Yes and No. You don’t need hundreds of thousands of followers to earn money, but you need an engaged audience. Famoid can help you get more followers. If in the past people followed celebrities to find out about the latest products available, not they are looking for ordinary people and influencers who review products and offer their objective opinion.
As a student, you address to followers age 18-24, so the products you use also interest them. All you have to do is to share your opinions with your audience.
You need to make your profile apply to investors, so you need to boost engagement rates. Businesses collaborate with influencers who can convince their followers to view, comment, like, share, and tag content.
To drive engagement, you need to respond to your followers. It’s difficult to respond to hundreds of comments, but at least try to like their comments. This is your job now, so you need to treat it accordingly.
People love to get free stuff, and students make no exception. Regularly host giveaways to increase engagement and show your followers you appreciate their effort to check your posts. Suggest giveaway contests to the brands you collaborate with. Tell them that the best way to drive attention to a product is to offer samples to people who are interested in buying it.
Ensure that your posts add value to your account because if you post content, you’re uncomfortable with, you’ll lose credibility.
Do not spam your followers because they follow you because they value your expertise. It’s clear for them when you promote a brand, so you don’t have to share the same giveaway hundreds of times to catch their attention. The ones who want to win something free will sign up for the giveaway the first time they hear about it.
Promote your coaching or consulting services.
Social media is a great place to generate leads for your consulting business. Whether you’re a guitar teacher or a life coach, if you have demonstrated expertise in a specific area, you can create more interest for your services by connecting with your target customer on social media.
Coaching sessions can be conducted over skype so this is definitely an opportunity to make money without leaving home. Consulting can be lucrative, so remember not to undercut yourself — charge a fair price for your time and effort.
This strategy can also work in unison with selling information products, as those who want your advice are more likely to be interested in the e-books and courses you’ve created.
How to Earn Money from Social Media Using YouTube
Building a successful YouTube channel is not a cakewalk, in fact, nothing on social media or digital media marketing is a cakewalk anymore. It requires a lot of planning, persistence, hard work and creativity to build a successful YouTube channel.
Once you have at least 10,000 public views of your channel videos, you are deemed eligible to apply for the YouTube Partner program. You can visit youtube.com/account monetization to check your channel’s total view count.
Earning Money on Social Media by Affiliate Marketing
Affiliate Marketing is one of the best ways to make money online. Affiliate marketing, in a nutshell, is a way to make money by promoting products of other companies like (Amazon.com) using your unique affiliate links, which you get after signing up with them.
Apart from Amazon (which doles out 4% to 10% of commission per sale), there are many other networks like Click Bank (for Digital Products), Rakuten, CJ Affiliate, and Booking.com (for Travel) etc., which offer lucrative affiliate commissions.
Written By: Arnold Mutamiri